1997 | 1998 | |||
IV | I | II | III | |
Gross domestic product | 1.1 | 0.9 | 0.9 | 0.8 |
Less: Exports of goods and services | -1.6 | -3.4 | -1.8 | -2.9 |
Plus: Imports of goods and services | -2.3 | -10.4 | -4.5 | -4.8 |
Equals: Gross domestic purchases | 1.0 | -.2 | .4 | .5 |
Less: Change in business inventories | ||||
Equals: Final sales to domestic purchasers | 1.0 | -.1 | .5 | .5 |
Personal consumption expenditures | 1.1 | 0 | .9 | 1.0 |
Food | 1.2 | 1.1 | 1.3 | 2.8 |
Energy | 2.3 | -20.2 | -7.5 | -5.8 |
Personal consumption expenditures less food and energy | 1.0 | 1.1 | 1.3 | 1.0 |
Private nonresidential fixed investment | -1.6 | -3.0 | -3.1 | -3.6 |
Structures | 3.3 | 2.7 | 3.1 | .7 |
Producers' durable equipment | -3.3 | -5.0 | -5.2 | -5.1 |
Private residential investment | 2.4 | 0 | 1.7 | 2.3 |
Government consumption expenditures and gross investment | 2.2 | 1.1 | .8 | 1.1 |
Federal | 1.4 | 2.7 | 0 | .1 |
National defense | 1.2 | 2.9 | .3 | .2 |
Nondefense | 1.8 | 2.2 | -.6 | 0 |
State and local | 2.7 | .2 | 1.2 | 1.6 |
Addendum: Gross domestic purchases less food and energy | 1.0 | .7 | .7 | .6 |
NOTE.Percent changes in major aggregates are in NIPA table 8.1. Index number levels are in tables 7.1, 7.2, and 7.4.